REUTERS - Wipro Ltd (WIPR.NS), India's third-largest software services provider, said the Securities and Exchange Board (SEBI) had approved its proposal to meet minimum public shareholding rules through a transfer of shares by its founder group to an independent trust.

SEBI has made it mandatory for listed companies to have at least 25 percent public shareholding by June.

As of the end of March, Wipro's founder group held a stake of about 78 percent in the company.

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India's main public health programmes, aimed at millions of rural poor, have been in disarray for months because the government changed the way that over $1.3 billion in funds were distributed, according to data and letters seen by Reuters. Full Article | Graphic: India's health funding